Moving money internationally | article by Patrick McKenzie - Upcarta

Moving money internationally

Article
Mar 2, 2022
#CentralBank

Patrick McKenzie

@PatrickMcKenzie

Read on bam.kalzumeus.com

SWIFT operates a messaging protocol which ties banks together with correspondent banks. This collaboration enables most international wires.

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Matt Clifford @matthewclifford · Mar 3, 2022

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Very good piece by @patio11 nominally on SWIFT but much broader: great on “the financial system [as] a very blunt instrument for expressing society’s preferences”